Asian Electronics Ltd - Stock Valuation and Financial Performance

Name: Asian Electronics
Brand: Asian Electronics

BSE: 503940 | NSE: ASIANELEC | Electronics - Components | Small Cap

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Asian Electronics stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

7.1 Cr.

52-wk low:

1.6

52-wk high:

1.8

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1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

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10 Year X-Ray of Asian Electronics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	TTM
ROCE % ⓘ	9%	10.2%	13%	22.9%	-27.7%	8.4%	7.9%	-14.9%	-34.8%	-6.1%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	83.1	102	156	367	216	212	224	148	82.8	18.2	1
Sales YoY Gr.	-	23.3%	52.1%	135.8%	-41.1%	-2.2%	6%	-34.2%	-43.9%	-78%	-
Adj EPS ⓘ	2.3	7	14.2	23.2	-10	0.5	2	-20	-34.8	-3.5	-5.6
YoY Gr.	-	207%	102%	63%	-143.3%	NA	330.4%	-1111.1%	NA	NA	-
BVPS (₹) ⓘ	66.3	61.5	76.7	122.8	71.2	72.9	73	46.1	11.3	7.2	1.2
Adj Net Profit ⓘ	3.9	12	25.4	66.4	-30	1.4	6.1	-71	-123	-13.8	-22
Cash Flow from Ops. ⓘ	22.4	-12.7	-30.2	-139	48.4	-25.4	195	-17	15.4	-1.5	-
Debt/CF from Ops. ⓘ	2.9	-6.7	-5.3	-1.2	4.3	-9.4	0.7	-11.5	12.8	-128.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-15.5%	-39%	-56.7%	-78%
Adj EPS ⓘ	-204.8%	NA	-220.8%	NA
BVPSⓘ	-21.8%	-36.7%	-53.7%	-36%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	TTM
Return on Equity % ⓘ	3.5	10.9	20.7	26.9	-10.6	0.6	2.7	-36.1	-122.2	-42	-134.4
Op. Profit Mgn % ⓘ	24.3	22	21.5	24.5	24.6	11.2	16.7	-26.2	-123.2	-69.4	-411.1
Net Profit Mgn % ⓘ	4.7	11.7	16.3	18.1	-13.8	0.6	2.7	-48.1	-149	-75.7	-1594.1
Debt to Equity ⓘ	0.6	0.8	1.2	0.5	1	1.1	0.6	1.2	5	7.5	-
Working Cap Days ⓘ	560	527	477	358	707	747	671	766	1,086	4,061	0
Cash Conv. Cycle ⓘ	228	227	209	217	445	369	302	426	624	1,751	0

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Asian Electronics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-5.6	-4.7
TTM Sales (₹ Cr.)	1.4	19.5
BVPS (₹.) ⓘ	1.2	-0.2
Reserves (₹ Cr.) ⓘ	-15	-21
P/BV ⓘ	1.55	-8.17
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	1.63 / 1.78
All Time Low / High (₹)	1.48 / 733.33
Market Cap (₹ Cr.)	7.1
Equity (₹ Cr.)	19.8
Face Value (₹)	5
Industry PE ⓘ	187

Management X-Ray of Asian Electronics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Asian Electronics

Analyst's Notes

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Key Ratios of Asian Electronics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Sales	83.08	102.46	155.84	367.45	216.44	211.79	224.41	147.59	82.82	18.24
Operating Expenses ⓘ	62.91	80.01	122.73	277.39	163.23	189.75	190.07	190.11	185.11	30.90
Manufacturing Costs	29.32	21.36	21.55	51.17	16.39	11.55	6.06	6.63	3.60	2.89
Material Costs	19.67	39.22	73.99	172.70	85.01	131.46	157.06	160.42	152.09	15.88
Employee Cost	3.48	5.04	5.89	12.96	16.24	12.92	10.56	8.38	6.71	6.28
Other Costs ⓘ	10.45	14.39	21.30	40.57	45.58	33.82	16.39	14.68	22.71	5.85
Operating Profit ⓘ	20.16	22.45	33.11	90.05	53.21	22.05	34.34	-42.53	-102.28	-12.66
Operating Profit Margin (%)	24.3%	21.9%	21.2%	24.5%	24.6%	10.4%	15.3%	-28.8%	-123.0%	-69.4%
Other Income ⓘ	6.45	5.71	7.09	12.61	5.92	12.52	6.96	1.02	2.65	2.07
Interest ⓘ	8.55	7.61	9.25	16.63	23.40	31.59	31.66	25.31	20.07	0.39
Depreciation ⓘ	9.45	7.72	8.40	8.99	10.25	4.61	4.39	4.40	3.87	2.59
Exceptional Items ⓘ	-0.81	-1.63	0	0	-178.82	6.98	-4.43	-8.05	0	-0.85
Profit Before Tax ⓘ	7.81	11.20	22.55	77.05	-153.33	5.36	0.81	-79.26	-123.57	-14.41
Tax ⓘ	3.18	0.43	-2.60	10.42	0.78	0.33	0	0	0	0
Profit After Tax	4.63	10.78	25.15	66.63	-154.11	5.03	0.81	-79.26	-123.57	-14.41
PAT Margin (%)	5.6%	10.5%	16.1%	18.1%	-71.2%	2.4%	0.4%	-53.7%	-149.0%	-79.0%
Adjusted EPS (₹)	2.7	6.3	14.0	23.2	-51.6	1.7	0.3	-22.4	-34.9	-3.6
Dividend Payout Ratio (%)	28%	14%	9%	10%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Equity and Liabilities
Shareholders Fund	113.56	105.40	137.19	352.39	212.68	217.97	224.24	162.60	39.45	26.32
Share Capital ⓘ	9.38	9.38	8.94	14.34	14.94	14.94	15.36	16.94	17.10	17.48
Reserves ⓘ	104.18	96.03	128.25	338.04	197.73	203.03	208.88	145.66	22.35	8.84
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	63.86	84.64	158.79	165.01	208.03	238.85	133.66	186.91	188.68	188.17
Long Term Debt	63.86	84.64	158.79	165.01	208.03	238.85	133.66	1.55	0.93	0.15
Short Term Debt	0	0	0	0	0	0	0	185.36	187.74	188.02
Trade Payables	17.58	21.94	36.59	62.52	91.96	124.38	134.14	39.46	52.88	49.96
Others Liabilities ⓘ	22.17	19.27	18.92	26.58	14.82	28.03	25.83	57.65	89.08	94.90
Total Liabilities ⓘ	217.16	231.25	351.50	606.49	527.48	609.23	517.87	446.62	370.08	359.35
Fixed Assets
Gross Block	108.04	114.32	117.67	132.25	148.29	99.77	98.67	98.64	99.60	99.61
Accumulated Depreciation	42.72	50.13	58.53	67.45	77.24	41.72	45.14	49.49	53.36	55.91
Net Fixed Assetsⓘ	65.32	64.19	59.14	64.79	71.05	58.05	53.53	49.15	46.24	43.70
CWIP ⓘ	9.20	0.75	10.32	33.48	3.47	11	11.37	7.80	7.04	5.84
Investmentsⓘ	0.04	0.27	1.66	4.23	50.59	47.83	110.87	110.89	110.89	110.89
Inventories	34.53	46.50	67.57	104.53	94.51	83.47	95.06	83.65	21.28	14.99
Trade Receivables	47.71	56.77	95.65	340.34	231.87	323.12	181.58	131.68	114.40	115.92
Cash Equivalents	6.90	7.68	36.09	3.34	10.71	5.67	9.69	5.94	3.77	3.23
Others Assetsⓘ	53.47	55.08	81.07	55.79	65.27	80.08	55.78	57.51	66.47	64.78
Total Assets ⓘ	217.16	231.25	351.50	606.49	527.48	609.23	517.87	446.62	370.08	359.35

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Cash Flow From Operating Activity ⓘ	22.39	-12.65	-30.17	-138.83	48.39	-25.41	194.91	-17.02	15.42	-1.54
PBT ⓘ	7.81	11.20	22.55	77.05	-160.18	5.36	0.81	-71.22	-123.57	-14.41
Adjustment ⓘ	14.71	15.12	15.13	23.30	227.16	25.82	38.61	40.27	30.04	3.03
Changes in Working Capital ⓘ	-0.09	-37.43	-65.18	-234.29	-8.2	-54.82	155.55	11.87	101.98	9.4
Tax Paid ⓘ	-0.05	-1.54	-2.66	-4.89	-10.39	-1.77	-0.06	2.05	6.96	0.44
Cash Flow From Investing Activity ⓘ	-4.11	2.12	-17.95	-11.88	-26.99	20.05	-59.71	0.39	0.30	0.60
Capex	-6.87	1.78	-13	-37.81	-11.50	7.81	-0.25	-0.25	-1.81	-0.05
Net Investments	0.26	-0.24	-1.39	-2.57	-46.36	2.76	-63.03	-0.02	0	-0.01
Others ⓘ	2.50	0.57	-3.56	28.49	30.87	9.48	3.57	0.66	2.11	0.66
Cash Flow From Financing Activityⓘ	-20.67	11.32	76.52	144.04	-13.89	-0.48	-131.21	12.88	-17.89	0.39
Net Proceeds from Shares ⓘ	0	0	12.91	154.32	12.96	0.28	3.33	3.24	0.42	1.28
Net Proceeds from Borrowing ⓘ	-11.01	20.78	74.16	6.22	1.02	-14.92	-59.41	0	0	0
Interest Paid ⓘ	-7.85	-6.27	-7.80	-13.88	-20.32	-31.59	-31.66	-25.31	-20.07	-0.39
Dividend Paid ⓘ	-1	-1.56	-1.88	-2.62	-7.55	0	0	0	0	0
Others ⓘ	-0.81	-1.63	-0.88	0	0	45.74	-43.48	34.95	1.77	-0.51
Net Cash Flow ⓘ	-2.39	0.79	28.41	-6.67	7.51	-5.85	3.98	-3.75	-2.17	-0.54

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Ratios
ROE (%)	4.16	9.92	20.81	27.22	-54.55	2.33	0.37	-40.9	-121.47	-41.93
ROCE (%)	9.04	10.24	13.01	22.93	-27.68	8.43	7.91	-14.94	-34.8	-6.1
Asset Turnover Ratio	0.4	0.48	0.57	0.83	0.42	0.39	0.41	0.31	0.21	0.05
PAT to CFO Conversion(x)	4.84	-1.17	-1.2	-2.08	N/A	-5.05	240.63	N/A	N/A	N/A
Working Capital Days
Receivable Days	187	178	167	201	438	456	399	377	528	2,179
Inventory Days	130	138	125	79	152	146	141	215	225	343
Payable Days	316	184	144	105	332	300	300	197	111	1,182

Asian Electronics Ltd Stock News

Asian Electronics Ltd FAQs

What is the share price of Asian Electronics?

Company share prices are keep on changing according to the market conditions. The closing price of Asian Electronics on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Asian Electronics?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Asian Electronics stood at ₹7.05.

What is the P/E ratio of Asian Electronics?

The latest P/E ratio of Asian Electronics as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Asian Electronics?

The latest P/B ratio of Asian Electronics as of 01-Jan-1970 05:30 is 1.55.

What is the 52-week high and low of Asian Electronics?

The 52-week high of Asian Electronics is ₹1.78 and the 52-week low is ₹1.63.

What is the TTM revenue of Asian Electronics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Electronics is ₹1.40 ( Cr.) .

About Asian Electronics Ltd

Asian Electronics (AEL) is a manufacturer of energy saving products. Incorporated in 1964, the company started with manufacturing passive components and later in 1998 it diversified into the lighting segment.

The company is focused on designing and manufacturing of energy efficient products. It has a distribution network of 300 dealers spread across India.

AEL's financial model of â€œPay from savingsâ€ has been recognized as one of the best by US Agency for International Development (USAID) in conjunction with other official agencies.

The company has a product portfolio that includes energy efficient lighting systems, range of luminaries such as Asian and Asian Raymold, intelligent lighting systems, LT and HT switched capacitor systems and HT substation load management system.

AEL offers high quality luminaries for use with T8 / T5 FTLs, CFLs, MV, SV, HID, lamps for all possible applications in the domestic, corporate, industrial, down lighting, floodlighting, landscaping segments and for special applications as in clean rooms in the pharmaceutical industry.

The company has partners with Westlux to distribute energy efficient lighting products all over Europe.

AEL has received certification from various agencies such as ISI, ETDC, ERDA, ERTL, CE, VDE, UL and EMV.

The company has over 500 industrial customers namely Taj Residency, Vardhman Group, The Leela Mumbai, Breach Candy Hospital, Tata Tele Services, Hero Cycles, Bharat Sanchar Nigam, Pepsico India Holding, Eveready Industries, Ceat Financial Services, Lucas TVS, Coca Cola, Parle Product and Brittania Industries, among others.

Outlook

AEL has entered in joint venture with Home Solution Retail India -- part of Future group. The company will provide lighting solutions to Home Solution Retail. AEL has also formed joint venture with Home Solution and Idiom Design and Consulting.